{"id":25013,"date":"2023-11-14T17:12:56","date_gmt":"2023-11-14T17:12:56","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/okx-launches-ethereum-layer-2-testnet-using-zk-based-polygon-cdk\/"},"modified":"2023-11-14T17:12:58","modified_gmt":"2023-11-14T17:12:58","slug":"okx-launches-ethereum-layer-2-testnet-using-zk-based-polygon-cdk","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/okx-launches-ethereum-layer-2-testnet-using-zk-based-polygon-cdk\/","title":{"rendered":"OKX launches Ethereum layer-2 testnet using ZK-based Polygon CDK"},"content":{"rendered":"<div data-v-8081b7b6=\"\">\n<p>Crypto exchange OKX has launched a testnet for an upcoming Ethereum layer-2 network named \u201cX1,\u201d according to a Nov. 14 announcement. The network is being developed using the Polygon chain development kit (CDK) and will use zero-knowledge proofs to validate deposits and withdrawals between layers.<\/p>\n<figure><figcaption style=\"text-align: center;\"><em>OKX exchange interface. Source: OKX<\/em><\/figcaption><\/figure>\n<p>OKX is the sixth-largest centralized crypto exchange by volume, with\u00a0over $1.8 billion in trading volume per day, according to data from CoinMarketCap. Its token, OKB, has a current market cap of over $3.6 billion, making it one of the top 30 cryptocurrencies. When a mainnet version of the new network is launched, OKB will be the native coin used to pay gas fees on it, the announcement stated.<\/p>\n<p>X1 is being developed using the Polygon CDK, potentially making it part of the broader Polygon ecosystem that includes Polygon zero-knowledge Ethereum Virtual Machine, Polygon PoS, Near, Manta Pacific and other networks. According to the announcement, OKX will also be a core contributor to the Polygon CDK software going forward and will \u201cinvest substantial engineering resources to enhance the technology stack for Ethereum scaling solutions.\u201d<\/p>\n<p><em><strong>Related: <\/strong><strong>Polygon Labs and Near announce ZK prover for WASM integration<\/strong><\/em><\/p>\n<p>OKX chief innovation officer Jason Lau claimed that the new network will help to onboard new users to Web3, stating:<\/p>\n<blockquote><p>\u201cX1 will be a key pillar of our efforts to educate and bring our users on-chain and into the world of Web3. This scalable and accessible network is perfect for developers, who can build on X1 to deliver user-friendly world-class consumer Web3 applications, all while maintaining interoperability with other networks and ecosystems.\u201d<\/p><\/blockquote>\n<p>OKX is also the creator of OKT Chain, an Ethereum sidechain that uses OKB as its native coin. It isn\u2019t the only exchange to build its own network: Binance launched BNB Chain in 2019,\u00a0and Coinbase launched its layer-2 \u201cBase\u201d network on Aug. 9.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto exchange OKX has launched a testnet for an upcoming Ethereum layer-2 network named \u201cX1,\u201d according to a Nov. 14 announcement. The network is being developed using the Polygon chain development kit (CDK) and will use zero-knowledge proofs to validate deposits and withdrawals between layers. OKX exchange interface. Source: OKX OKX is the sixth-largest centralized [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25014,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-25013","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OKX launches Ethereum layer-2 testnet using ZK-based Polygon CDK | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/crypto\/okx-launches-ethereum-layer-2-testnet-using-zk-based-polygon-cdk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OKX launches Ethereum layer-2 testnet using ZK-based Polygon CDK | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"Crypto exchange OKX has launched a testnet for an upcoming Ethereum layer-2 network named \u201cX1,\u201d according to a Nov. 14 announcement. The network is being developed using the Polygon chain development kit (CDK) and will use zero-knowledge proofs to validate deposits and withdrawals between layers. OKX exchange interface. Source: OKX OKX is the sixth-largest centralized [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nftandcrypto-news.com\/crypto\/okx-launches-ethereum-layer-2-testnet-using-zk-based-polygon-cdk\/\" \/>\n<meta property=\"og:site_name\" content=\"NFT &amp; Crypto News\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-14T17:12:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-14T17:12:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/11\/cd298270-bb4d-46c2-ab11-5acb8e593357.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"799\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/okx-launches-ethereum-layer-2-testnet-using-zk-based-polygon-cdk\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/okx-launches-ethereum-layer-2-testnet-using-zk-based-polygon-cdk\/\"},\"author\":{\"name\":\"Staff\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/352194e8b0cb9ae3ad5480e201b5f792\"},\"headline\":\"OKX launches Ethereum layer-2 testnet using ZK-based Polygon CDK\",\"datePublished\":\"2023-11-14T17:12:56+00:00\",\"dateModified\":\"2023-11-14T17:12:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/okx-launches-ethereum-layer-2-testnet-using-zk-based-polygon-cdk\/\"},\"wordCount\":315,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/okx-launches-ethereum-layer-2-testnet-using-zk-based-polygon-cdk\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/11\/cd298270-bb4d-46c2-ab11-5acb8e593357.jpg\",\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/nftandcrypto-news.com\/crypto\/okx-launches-ethereum-layer-2-testnet-using-zk-based-polygon-cdk\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/okx-launches-ethereum-layer-2-testnet-using-zk-based-polygon-cdk\/\",\"url\":\"https:\/\/nftandcrypto-news.com\/crypto\/okx-launches-ethereum-layer-2-testnet-using-zk-based-polygon-cdk\/\",\"name\":\"OKX launches Ethereum layer-2 testnet using ZK-based Polygon CDK | NFT &amp; 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